Bitcoin’s Potential Major Breakout and Rise Predictions

Cryptocurrency analyst Kevin Svenson expressed that Bitcoin (BTC) could experience a significant value increase and could rise between 50% and 201% from current levels. Svenson based his predictions on historical data and shared this expectation with his followers on social media. Rise Predictions of Up to 190 Thousand Dollars Svenson’s analysis includes minimum predictions of 95 thousand dollars, median of 142 thousand dollars, and the most optimistic target price predictions of up to 190 thousand dollars for Bitcoin. In addition, the analyst stated that the midpoint target price could be around 124 thousand dollars. Drawing attention to the possibility of increased volatility if Bitcoin reaches new highs, Svenson warned investors about the higher volatility levels than expected and informed about the potential for defenseless investors and sharp corrections during rapid rises. Consolidation Warning The analyst emphasized the need for caution against overly optimistic expectations as Bitcoin approaches a psychological level […]

Bitcoin’s Potential Major Breakout and Rise Predictions

Cryptocurrency analyst Kevin Svenson expressed that Bitcoin (BTC) could experience a significant value increase and could rise between 50% and 201% from current levels. Svenson based his predictions on historical data and shared this expectation with his followers on social media.

Rise Predictions of Up to 190 Thousand Dollars

Svenson’s analysis includes minimum predictions of 95 thousand dollars, median of 142 thousand dollars, and the most optimistic target price predictions of up to 190 thousand dollars for Bitcoin. In addition, the analyst stated that the midpoint target price could be around 124 thousand dollars.

Drawing attention to the possibility of increased volatility if Bitcoin reaches new highs, Svenson warned investors about the higher volatility levels than expected and informed about the potential for defenseless investors and sharp corrections during rapid rises.

Consolidation Warning

The analyst emphasized the need for caution against overly optimistic expectations as Bitcoin approaches a psychological level like 100 thousand dollars. Pointing out the cycle of halving block rewards, he expressed that a consolidation phase could occur before the next major rise.

As the article was prepared, it was reported that BTC saw a decrease of approximately 13% from around 63,125 dollars and retreated from the record level of 73,750 dollars. Investors closely monitor expectations and speculations in the cryptocurrency market in addition to Svenson’s predictions.

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